Analysts Set SLR Investment Corp. (NASDAQ:SLRC) Target Price at $15.89

Shares of SLR Investment Corp. (NASDAQ:SLRCGet Rating) have received an average rating of “Hold” from the nine ratings firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $15.89.

SLRC has been the topic of several research analyst reports. Raymond James lowered their target price on SLR Investment from $19.00 to $16.50 and set an “outperform” rating on the stock in a research note on Thursday, August 4th. Oppenheimer cut SLR Investment from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $20.00 to $16.00 in a research note on Wednesday, August 3rd. StockNews.com initiated coverage on SLR Investment in a research note on Wednesday, October 12th. They set a “sell” rating on the stock. Compass Point raised SLR Investment from a “neutral” rating to a “buy” rating and set a $15.75 target price on the stock in a research note on Wednesday, November 9th. Finally, Hovde Group reduced their price target on SLR Investment to $15.00 in a report on Wednesday, October 5th.

Insider Activity

In related news, Director Steven Hochberg sold 14,850 shares of the business’s stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $13.71, for a total value of $203,593.50. Following the completion of the sale, the director now directly owns 5,742 shares in the company, valued at approximately $78,722.82. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 7.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On SLR Investment

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AllSquare Wealth Management LLC acquired a new stake in SLR Investment in the 1st quarter worth approximately $25,000. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in SLR Investment in the 1st quarter worth approximately $29,000. Quantbot Technologies LP acquired a new stake in SLR Investment in the 2nd quarter worth approximately $30,000. Tower Research Capital LLC TRC lifted its holdings in SLR Investment by 614.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,323 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 1,998 shares during the last quarter. Finally, Founders Capital Management lifted its holdings in SLR Investment by 76.0% in the 2nd quarter. Founders Capital Management now owns 2,640 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 1,140 shares during the last quarter. 35.73% of the stock is currently owned by institutional investors and hedge funds.

SLR Investment Trading Down 0.5 %

NASDAQ:SLRC opened at $14.28 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.00 and a quick ratio of 1.00. SLR Investment has a fifty-two week low of $12.08 and a fifty-two week high of $19.60. The stock’s 50-day moving average is $13.54 and its two-hundred day moving average is $14.51. The stock has a market cap of $782.12 million, a PE ratio of 102.00 and a beta of 1.08.

SLR Investment Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 17th will be issued a dividend of $0.137 per share. The ex-dividend date is Wednesday, November 16th. This represents a $1.64 annualized dividend and a dividend yield of 11.51%. SLR Investment’s dividend payout ratio is 1,171.43%.

SLR Investment Company Profile

(Get Rating)

SLR Investment Corp. is a business development company specializing in secured debt (first lien unitranche and second lien), subordinated (unsecured) debt, minority equity, leveraged buyouts, acquisitions, recapitalizations, general refinancing, growth capital and strategic income-oriented control equity investments in leveraged middle market companies.

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Analyst Recommendations for SLR Investment (NASDAQ:SLRC)

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